Turn-key Waterfront Home Goods Store

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Rare opportunity!
Asking Price:
$265,000

Gross Revenue:
 Not Disclosed
Cash Flow:
$83,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

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Business Description

This is a rare opportunity to purchase an established, successful and growing company in a highly trafficked tourist beach town. The shop is in a very well placed store front, with the highest foot traffic around. The shops surrounding this store are long established and "must visit" destinations. The shop is also right on the bay which is home to many water activities. The building is designed and set up with great window exposure for passing foot traffic, which captures many.
This business is showing remarkable customer loyalty and interest from everywhere and is still experiencing exponential growth because of this. The profit margins are very strong.
This is an ideal opportunity to have a rewarding business with many benefits in a very desirable setting. People from all over the world travel here year round to enjoy this unique environment.
Morro Bay has over 1 million visitors every year with 90% passing in front of this waterfront Embarcadero business. The city is also very aggressive with marketing the waterfront district as a destination for all. The traffic count in the store is in excess of 1,400 adults daily during our long tourist season.
The greatest benefit of having a fun business here is living in this beach community. It is small, with all the amenities you need and also able to walk to your waterfront shop.
Ready to start your adventure?

About the Business

Year Established:
2016
Number of Employees:
1
Real Estate:
Leased
Building Sq. Ft.:
2,100
Lease Amount/Mo.:
$4,250.00
Lease Expiration:
4/1/2027
Facilities:
2200 Sq Ft Showroom floor plus storage room located on the waterfront in Morro Bay
Fully stocked shop.
Website:
www.facebook.com/junquelovemorrobay/
Market Outlook/
Competition:
Extremely limited competition on the Embarcadero. Our vendors serve us exclusively and no other store in Morro Bay carry their merchandise.
Growth & Expansion:
P/L available after a walk through of the establishment and signature of a non-compete.
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About the Sale

Reason For Selling:
Retiring
Training/Support:
30+ days as needed
Seller Financing:
Owner will not carry note

Listing Info

ID:
1378582
Ad Detail Views:
307

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Business Listed by
Doug Little

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U.S. Census Data for San Luis Obispo County, CA
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for San Luis Obispo County, CA
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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